
Cheap Homes for Rent in the Downtown Neighborhood of Colorado Springs, CO from $550 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Colorado Springs.


427-431 E Bijou St

815 N Nevada Ave

1411 S Corona Ave

616 W Kiowa St
Colorado Springs's Best Affordable Neighborhoods
Learn about Colorado Springs and the best places to live with original content written by our Local Expert Darla Ferrara

942 E Las Animas St, Unit Cabin

1520 E Pikes Peak Ave

315 May Dr

621 Cooper Ave

604 N Weber St, Unit 7
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215 E Dale St

537 E Platte Ave

511 E Platte Ave

238 N Prospect St

511 E Cache La Poudre St
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824 Santa Fe St
Downtown, Colorado Springs, CO Local Guide

How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $1,763 | $700 | $4,000 |
| Downtown 3 Bedroom Homes for Rent | $2,190 | $1,745 | $2,675 |
| Downtown 4 Bedroom Homes for Rent | $2,672 | $2,095 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 16 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Colorado Springs, CO.
Explore Colorado Springs
Cheapest Available Downtown Apartments for Rent
 The cheapest available apartment rental in the Downtown area of Colorado Springs, CO is a Studio unit found at 409 N. Cascade Avenue priced from $650. Swope Ave Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Downtown apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 409 N. Cascade Avenue | 0BR/1.0BA | Studio,1BA | $650 |
| Swope Ave Apartments | 1BR/1.0BA | 1BR,1BA | $699 |
| Sienna Place | 1X1 | 1BR,1BA | $828 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $849 |
| Jasmine Springs | B1 | 2BR,1BA | $925 |
Best Value Apartments for Rent in Downtown, CO
As of September 13, 2026 the best value apartment in the Downtown area is the $1.15 price per square foot B4 Model at Park Bonfoy in the in the Memorial Park neighborhood starting from $1,295. The second greatest value Downtown apartment is the 2X2 50% H Model at Shooks Run starting at $1,161 with a $1.16 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Park Bonfoy | B4 | 2BR,2BA | $1.15 |
| Shooks Run | 2X2 50% H | 2BR,2BA | $1.16 |
| 33 W Willamette Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.24 |
| 210 E Saint Vrain St, Unit 3 | 210 E Saint Vrain St | 1BR,1BA | $0.89 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Jasmine Springs | B1 | 2BR,1BA | $1.18 |
| Homewood Point Apartments | 1BR/1.0BA | 1BR,1BA | $1.46 |
| Tamarac | 2x1 50% | 2BR,1BA | $1.77 |
| Prospect Park | 1x1 | 1BR,1BA | $1.58 |
| 821 N Weber St, Unit Unit #2 | 821 N Weber St | 1BR,1BA | $1.38 |
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 257 Apartments for Rent in Downtown, CO with pricing that ranges from $784 to $4,420. There are also 58 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $550 to $4,000.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $550 to $4,000 with an average monthly rent of $1,746.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Colorado Springs Student Renting: An Insider's Look at Top Colleges and Student Neighborhoods
Written by: Darla Ferrara
If your perfect college experience involves a blend of breathtaking mountain views and vibrant city living, then Colorado Springs, CO, might be the right choice for you.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.